Market snapshot
- ASX 200 futures: -0.7% to 7,828 points
- Australian dollar: +0.4% to 63.04 US cents
- Wall Street: Dow -0.6%, S&P 500 -0.2%, Nasdaq -0.5%
- Europe: DAX -1.3%, FTSE -1.2%, Eurostoxx -1.3%
- Spot gold: +1.1% to $US2,921/ounce
- Brent crude: +0.8% to US$69.84/barrel
- Iron ore: +0.6% to $US100.40 a tonne
- Bitcoin: +5.1% to $US83,312
Good morning
Good morning and welcome to another week on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice.
In short, it looks like another bleak day on the local market with futures trading pointing to the ASX 200 dropping 0.7% on opening.
Global events look set to dominate the news cycle today.
In the past few hours, the White House has confirmed there would be no carve out for Australian steel and aluminium from its punitive tariff regime, while on Wall Street markets have partially reversed a steep decline overnight on news Ukraine has agreed to a 30-day ceasefire.
As always, the game’s afoot, so let’s get blogging.
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